The Inflation Reduction Act was the largest climate legislation ever enacted in the United States. By all accounts it has accomplished its objectives, at least for now. But the challenge with government policies attempting to move markets – particularly if they rely on tax policy – is how to sustain the benefits.
The IRA is a classic example of legislation that alters behavior by providing tax benefits. But two critical questions should have been asked before spending trillions of taxpayer dollars:
- Are we prepared to continue those tax benefits indefinitely?
- Can the changes in behavior be sustained without subsidies?
Check out the presentation for the answers.
#inflationreductionact #solarpanelsuppliers #chinasolar #taxcredits #climatechangeisreal #solattechnology